Posted 4/3/2024, 2:59:43 PM
Fed Eyes Jobs and Wages As Key Data For Rate Cut Decisions
- Labor market and wage data will be the "focus" for the Fed in determining rate cuts
- Recent PMI data shows robust economic growth in Q1 2024, but some cooling in March
- Economy has maintained "decent" job growth, but hiring constrained by tight labor market
- Wage pressures evident in PMI data, presenting an "area of concern" for the Fed
- June rate cut still possible if inflation moderates further, providing Fed more confidence